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first, new treasury secretary jack lew -- a veteran of the clinton and obama white houses - who will succeed timothy geithner. >> jack has my complete trust. i know i'm not alone in that. in the words of one former senator, "having lew on your team is the equivalent as a coach of having the luxury of putting somebody at almost any position and knowing he will do well." gwen: so what does lew's appointment tell the senators who must confirm him about what comes next in our epic budget fights? david? >> i think it tells us that the president anticipates that this year will be a year dealing with taxes and spending and deficits. it will be the fifth year in which we have a trillion dollar deficit and jack lew has been budget director in two administrations. unlike timothy geithner, he has very little experience in finance. that was geithner's strong point. he has very little experience in international. that was geithner's background. this is a guy who knows budget and knows congress. it sort of marks a punctuation point in the financial rescue. geithner was part of the rescue at the ne
first, new treasury secretary jack lew -- a veteran of the clinton and obama white houses - who will succeed timothy geithner. >> jack has my complete trust. i know i'm not alone in that. in the words of one former senator, "having lew on your team is the equivalent as a coach of having the luxury of putting somebody at almost any position and knowing he will do well." gwen: so what does lew's appointment tell the senators who must confirm him about what comes next in our epic...
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lew our t. does some digging into his past we'll show you the info that we dug up. in farmers versus months on so a group of farmers are trying to reinstate a class action lawsuit against the biotech giant what they are fighting about and why the issue may affect what's on your dinner table coming up. it's friday january eleventh five eight pm in washington d.c. hi meghan lopez and you're watching our t.v. well it's the moment we've all been waiting for over a decade for earlier today president obama met with his afghan counterpart to discuss a twenty fourteen drawdown of american troops now in front of the camera both president obama and president karzai have presented a united front and say they agree on the future goals for afghanistan but one report after another has demonstrated that these two leaders are often at odds with one another or two arabic correspondent rym up to him via tell us about the current relationship between the presidents and what we learn from today's meetings. as that
lew our t. does some digging into his past we'll show you the info that we dug up. in farmers versus months on so a group of farmers are trying to reinstate a class action lawsuit against the biotech giant what they are fighting about and why the issue may affect what's on your dinner table coming up. it's friday january eleventh five eight pm in washington d.c. hi meghan lopez and you're watching our t.v. well it's the moment we've all been waiting for over a decade for earlier today president...
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defense secretary but jack lew is practically a shoo in however given this man's history with banks and his stances on deregulation should we expect more of the same from him for more kyle harrington founder of harrington capital management joins me hey there kyle so let's are you doing well how are you sir good jack lew is not a surprising choice to many just i mean he isn't facing as much scrutiny as more of an out of the box kind of nominee. well i you know it's interesting aside from his peculiar signature you know i think you know one needs to look at whether or not you are republican democrat liberal conservative his his background is it is kind of interesting as well it seemed as if he was raised and grew up on more of a government dependent spending liberal side of the equation and then he got into private practice in which he you know like you highlighted said that financial deregulation had nothing to do with the collapse so you you you wonder whether or not you know where he is and again with the less thing we need in my opinion out of washington d.c. with respect to any of t
defense secretary but jack lew is practically a shoo in however given this man's history with banks and his stances on deregulation should we expect more of the same from him for more kyle harrington founder of harrington capital management joins me hey there kyle so let's are you doing well how are you sir good jack lew is not a surprising choice to many just i mean he isn't facing as much scrutiny as more of an out of the box kind of nominee. well i you know it's interesting aside from his...
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host: jack lew coming in, and he was the president's point person. does that give you any confidence on budgets considering his background? caller: no, his background is just as bad. he practiced law for a few years, but he is basically a politician who used to work for tip o'neill. he does not care anything about economic growth. when the you hear any obama administration official talking about economic growth? that is what is needed, not more government programs that just run up debt. who is going to pay the debt back? host: ran on the independent line. caller: i am calling about timothy geithner exactly and the whole federal resolve -- reserve, for that matter. people are making like me of timothy geithner 0 in tax money. i do not make lightly of that. he came in a 0 in tax money knowing that he owed tax money. he was thinking he was above it anyway. that is one point. the second, our unemployment rate is sky-high under timothy geithner. the national debt is sky high under timothy geithner. third, we have lost our national credit rating, our world
host: jack lew coming in, and he was the president's point person. does that give you any confidence on budgets considering his background? caller: no, his background is just as bad. he practiced law for a few years, but he is basically a politician who used to work for tip o'neill. he does not care anything about economic growth. when the you hear any obama administration official talking about economic growth? that is what is needed, not more government programs that just run up debt. who is...
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i have the greatest respect for jack lew. i know him as a man exceptional judgment, calm under pressure, with an extraordinary record of experience over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. and he understands that to govern responsibly, is to govern with the recognition that we have limited fiscal resources. now like jack, i've spent my professional life in this world of public policy and public service, and as all of you know, our families carry a large share of the burdens we assume in public life. and i feel incredibly fortunate that my wife, carol, and my family, have been willing to allow me to do this. and i thank them for their support and their patience and i understand their occasional impatience. i want to express my admiration and my appreciation for the women and men of the treasury department. those who came t
i have the greatest respect for jack lew. i know him as a man exceptional judgment, calm under pressure, with an extraordinary record of experience over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. and he understands that to govern responsibly, is to govern with the recognition that we have limited...
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lew, and he trust jack lew. if you look at all of these cabinet appointments that we've seen and some to come, it is about the president's comfort level in the second term. >> he was just re-elected, he's the president of the united states. he deserves to be comfortable. if you can hold on, we still haven't received that famous two-minute warning. we'll take a quick two-minute break and be right back. where is flo? anybody know where flo is? are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. >>> we waiting for the president of the united states to walk into the east room of the white house. we'll show you a picture now. he's going to nominate jack lew as white house chief of st
lew, and he trust jack lew. if you look at all of these cabinet appointments that we've seen and some to come, it is about the president's comfort level in the second term. >> he was just re-elected, he's the president of the united states. he deserves to be comfortable. if you can hold on, we still haven't received that famous two-minute warning. we'll take a quick two-minute break and be right back. where is flo? anybody know where flo is? are you flo? yes. is this the thing you gave my...
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lew is concerned what will be top of the agenda then what needs to be done going forward. he majorly moved will need to move towards get in the talks on the debt ceiling in place it would also be for him to create the platform from which. obama is reflecting his view that he wants to do something about his legacy u.s. is still facing huge reforms needed in particularly in the health care costs where health costs over the next ten years will double in percent of the g.d.p. so there's still a lot to be done and i think appointing a somewhat more political person to the choices second chair will also indicate that obama means business is terrific doing this and in terms of ways to tackle the debt then there's been talk of a one trillion dollar platinum coin to be minted as a way to resolve the over sixteen trillion dollar debt do you see this is feasible is it crazy is it is a good idea how do you see this. theoretically is a very good idea isn't it if you have too much state you can just mend some coins and you're out of your trouble of course i think clearly this is just th
lew is concerned what will be top of the agenda then what needs to be done going forward. he majorly moved will need to move towards get in the talks on the debt ceiling in place it would also be for him to create the platform from which. obama is reflecting his view that he wants to do something about his legacy u.s. is still facing huge reforms needed in particularly in the health care costs where health costs over the next ten years will double in percent of the g.d.p. so there's still a lot...
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professor black, your assessment of jack lew? >> on financial matters, jack lew has been a failure of pretty epic proportions. he gets promoted precisely because he is willing to be a failure, and is a useful to wall street interests. so you have mentioned two of the things in terms of most important and most destructive deregulation under president clinton by statute. but he was also there for much of the regulation by rule and strong proponent of it, and he was there for much of the cutting of staff, for example, the fdic lost three-quarters of its staff and a huge loss began under clinton. and the whole reinventing government, lou was a strong supporter of that. we were taught, instructed by washington that we were to refer to banks as our clients and our role as regulators, and to think of them as clients. he goes from there to wall street where he was a complete failure. you noted that part of what citicorp did was a bet that housing would fall. that is one of their winning bets. the action made a bunch of losing bets as wel
professor black, your assessment of jack lew? >> on financial matters, jack lew has been a failure of pretty epic proportions. he gets promoted precisely because he is willing to be a failure, and is a useful to wall street interests. so you have mentioned two of the things in terms of most important and most destructive deregulation under president clinton by statute. but he was also there for much of the regulation by rule and strong proponent of it, and he was there for much of the...
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but does jack lew have what it takes? we'll talk about it, after this. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> aig has decide not to joiven a lawsuit by former ceo hank greenberg against the u.s. government. greenberg claims the company's 2008 bailout was unfair to shareholders. aig says it won't let greenberg's firm pursue its claims on the company's behalf. the ceo told cnbc joining the suit isn't in aig's best interest. and while the terms of the lawsuit may hav
but does jack lew have what it takes? we'll talk about it, after this. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save...
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tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut the 1997 balanced budget deal. so the white house sees him as someone with a lot of experience, ready to take on some of the big challenges over the treasury department as we are facing the so-called mini cliffs, the big one, the debt ceiling, something he will have to deal with right away. >> when is the formal announcement of the nomination expected and another partisan fight down the road? >> very well could be. we have been trying to nail it down. all we have from sources is that it will happen sometime this week mptd not certain if that is tomorrow or friday or over the weekend but it will happen
tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut...
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what about now with jack lew? brian jacobson chief portfolio strategist at wells fargo joining us now from milwaukee wisconsin. at first look, what do you think? >> well, i think this is an example where we will probably see history not necessarily repeat but it will most likely rhyme with what happened when geithner made his first speech. i'm not all that confident that lew is going to be a good replacement for geithner. i think he's not a very unifying individual. he's more of a polarizing figure. and it makes it more likely that the next two years until the midterm elections that we could see more battles and skirmishes in washington, d.c. as opposed to fewer. dagen: what would you like to see as a stock investor? >> a treasury secretary who is more focused on building compromise. but think the lesson we learned in the debate last year when there was discussion about debt ceiling is that lew is one of these types of individuals who very politically savvy but that doesn't necessarily equate to being a statesman
what about now with jack lew? brian jacobson chief portfolio strategist at wells fargo joining us now from milwaukee wisconsin. at first look, what do you think? >> well, i think this is an example where we will probably see history not necessarily repeat but it will most likely rhyme with what happened when geithner made his first speech. i'm not all that confident that lew is going to be a good replacement for geithner. i think he's not a very unifying individual. he's more of a...
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there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the u.s. spends more on health care per person compared to other high-income nations, but that doesn't translate to healthier lives, according to a report from the national academy of sciences. read more about the findings on our health page. and poet richard blanco has been chosen to compose and read an original poem for president obama's second inaugural. he is the first hispanic and first gay poet selected for that honor. you can hear him recite some of his work on art beat. all that and more is on our web site newshour.pbs.org. gwen? >> ifill: and that's the "newshour" for tonight. on thursday, we'll exami
there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the...
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jack lew is himself a washington insider. he's well known to congress and he's there to shepherd the process along. he's not got the wall street experience that a lot of people on the street might be hoping for. but he really knows how to move the process forward. >> is that exposed to weakness? being an insider on the political front, but obviously having no external wall street experience, how much weakness is that, do you think? >> i think there are limits to what anybody can do does she. >> it's a round about, isn't it? >> but jack lew has one big advantage and that is that he's coming into office with the u.s. economy expanding. >> which is good news. tina, thanks for joining us. just to remeepd you what is on today's agenda in the united states, wells fargo is the first of the u.s. banks to report earnings this season.thely during that hour, best buy is going to be in focus, as well. we wanted to look at the governance reform. >>> still to come, all the latest on the italian elections when we come back in a few moments.
jack lew is himself a washington insider. he's well known to congress and he's there to shepherd the process along. he's not got the wall street experience that a lot of people on the street might be hoping for. but he really knows how to move the process forward. >> is that exposed to weakness? being an insider on the political front, but obviously having no external wall street experience, how much weakness is that, do you think? >> i think there are limits to what anybody can do...
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>> looks that way, looks like very soon to be an announcement, jack lew chief of staff to president obama will be replacing timothy geithner and today, my colleague and i were reporting on a story where wall street's pretty much fine with that although they view geithner as something of an ally and lew as something of an unknown to geithner they feel that overall policy is going to be the same. lew and geithner were pretty much toeing the same line debt ceiling and budget negotiation including the fiscal cliff that happened. >> greta: the irony of opening the door to your new office and finding an office full of manure because the other guy left is fascinating. eric, thank you. >> thanks a lot. >> greta: a video that everybody is talking about a dream wedding in a hot air balloon takes a surprising and scary turn. the bride and groom just exchanged wedding vows over the skies in san diego, and the wind began to swing it back and forth like a pendulum, force it go to crash into a fence in the neighborhood. the bride and groom are uniphased and now on their honeymoon. that's what you call a
>> looks that way, looks like very soon to be an announcement, jack lew chief of staff to president obama will be replacing timothy geithner and today, my colleague and i were reporting on a story where wall street's pretty much fine with that although they view geithner as something of an ally and lew as something of an unknown to geithner they feel that overall policy is going to be the same. lew and geithner were pretty much toeing the same line debt ceiling and budget negotiation...
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nonetheless, jack lew, widely expected to get confirmed. >> i am sure we are only beginning to hear the bonafides and the criticism. it's his signature. if he becomes the treasury secretary, that thing is go to be everywhere. it is that series of crazy loop deloos. aren't they talking about this being an issue? >> i thought mine was bad but that's a lot of little loops there. it is unclear whether they will have to send him to school again to figure out how to write his name so you can read it when it shows up on the currency. timothy geithner had kind of a loopy signature in the past and then said that he had to tweak it whethn it showed up on the currency. unclear yet whether or not they will send him back to school to learn how to sign his name. >> i like how our colleague, carol costello referred to it, like a slinky gone out of control. >> reporter: that's a good one. >> i want to switch gears a little bit. that's about another nomination that's going to have to be made because we have had another resignation, hilda solis, the labor secretary, announcing she is wanting some more fa
nonetheless, jack lew, widely expected to get confirmed. >> i am sure we are only beginning to hear the bonafides and the criticism. it's his signature. if he becomes the treasury secretary, that thing is go to be everywhere. it is that series of crazy loop deloos. aren't they talking about this being an issue? >> i thought mine was bad but that's a lot of little loops there. it is unclear whether they will have to send him to school again to figure out how to write his name so you...
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jack lew is going to the treasury. for those of you who can make out his signature here, that's jack lew's signature. it looks sort of like a drunk caterpillar there. that will be on your flat money. it looks just like this. jack lew's signature. like a shock test if you look at it the right way. that's one nomination. other nominations that we've had here recently. we wanted to talk to juana summers about. let's start with john brennan. john brennan to the c.i.a. how are republicans going to take this? because we've already seen some opposition to him. >> as expected, a lot aren't taking it very well. they say he still has questions to answer about harsh interrogation tactics from the bush era. he hasn't answered that. lindsey graham the other night speaking on fox news that suggested he wants to put a hold on brennan's nomination. use that as leverage so he can get the answers that he and his republican colleagues, kelly ayotte, john mccain have been pushing for from clinton from the obama administration and the atta
jack lew is going to the treasury. for those of you who can make out his signature here, that's jack lew's signature. it looks sort of like a drunk caterpillar there. that will be on your flat money. it looks just like this. jack lew's signature. like a shock test if you look at it the right way. that's one nomination. other nominations that we've had here recently. we wanted to talk to juana summers about. let's start with john brennan. john brennan to the c.i.a. how are republicans going to...
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i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >> john kerry, secretary of state. we've got a lot of white males, shall we say, chuck hagel, we have pictures up there. jack lew, eric holder is over at the justice department. he's not a white male. he's an african-american. but no women. >> men. men. >> i want to put up another picture of the seen yr staff, if you will. there you you he sue the staff. there's been mur muring that there's not enough women part of this white house, the inner circle. what are folks saying about that? >> the visual you just showed with the four cabinet members being men, th
i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >>...
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jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the budget office and being the chief of staff for the president, the debt crisis has gotten much worse. i don't look at that reference and say, gee, this is a guy who is really going to fix the problem and i do think what we need in washington is he's been in washington in and out of government for 25 years and i guess my philosophy is, why not bring in some new faces, granted they are going to have the president's philosophy but maybe looking at new approaches to bringing this enormous debt down. >> steve, do you remember his record
jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the...
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and jack lew is in the middle of it. because democratic economic policies have not been well received by republicans in congress, and because jack lew once irked mitch mcconnell, he is, we're supposed to believe, not going to get the top tier cabinet position. we scoff in your general direction. if those do not sound like reasons substantive enough to block a presidential cabinet nomination, that is because those are not reasons substantive enough to block a presidential cabinet nomination. at least historically speaking, those are not the kind of things that keep a person out of a top tier job like that. as "the new york times" calculated today, in the history of the u.s. senate, the senate has confirmed over 500 cabinet nominations. over 500. it has denied nine out of more than 500 in gnat senate history. the last time a cabinet nomination was denied was almost 25 years ago when the senate voted down poppy bush's nominee for defense john tower after what would later be described in his obituary of public allegations of
and jack lew is in the middle of it. because democratic economic policies have not been well received by republicans in congress, and because jack lew once irked mitch mcconnell, he is, we're supposed to believe, not going to get the top tier cabinet position. we scoff in your general direction. if those do not sound like reasons substantive enough to block a presidential cabinet nomination, that is because those are not reasons substantive enough to block a presidential cabinet nomination. at...
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unclear if that's going to mean a seamless transition with the president's nominee jack lew since it seems unlikely at this point lew will be confirmed by the senate before geithner leaves. so maybe the deputy secretary will fill that gap. geithner, if he wants one, can have almost any finance job that he wants. he'll take at least six months to consider his option. they don't say whether or not he wants to go into finance. the question is what kind of job would be appropriate for geithner to take given that he was intimately involved in bank rescue operations over the past several years? and what kind of job could he take in the post-crisis world and still be eligible to come back into government if he wanted? fed chairman ben bernanke, he's expected to move on after his term expires in 2014, and geithner would clearly be someone the president would consider. according to sources, geithner wouldn't want the job but the president has been very successful in getting geithner to do things he hasn't wanted to, like stay on treasury for an extra year or two and geitner has been making ab
unclear if that's going to mean a seamless transition with the president's nominee jack lew since it seems unlikely at this point lew will be confirmed by the senate before geithner leaves. so maybe the deputy secretary will fill that gap. geithner, if he wants one, can have almost any finance job that he wants. he'll take at least six months to consider his option. they don't say whether or not he wants to go into finance. the question is what kind of job would be appropriate for geithner to...
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the president expected to nominate jack lew to fill that key post. lew is currently the white house chief of staff. he's also served as white house budget director for presidents obama and clinton. if he's confirmed, he would succeed timothy geithner at the treasury department. >>> the president also looking for a new labor secretary. hilda solis resigned yesterday. she will likely return to her home of california and run for a seat on the los angeles county board of supervisors. three cabinet members say that they will stay on the job for the president's second term. attorney general eric holder, health and human services secretary kathleen sebelius, and veterans affairs secretary eric shenski. >>> five militant are dead in the fifth drone attack of the new year in pakistan. intelligence sources say the drone fired four missiles at a house near the pakistan/afghanistan border. several people were also injured. about 40 militants have been killed in strikes in the north waziristan tribal region since the new year, including a senior al qaeda commande
the president expected to nominate jack lew to fill that key post. lew is currently the white house chief of staff. he's also served as white house budget director for presidents obama and clinton. if he's confirmed, he would succeed timothy geithner at the treasury department. >>> the president also looking for a new labor secretary. hilda solis resigned yesterday. she will likely return to her home of california and run for a seat on the los angeles county board of supervisors. three...
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the white house announced that jack lew will be nominated as the next treasury secretary. the president will make the official announcement at 1:30 this afternoon in the east room of the white house. 57-year-old lew served as budget director and chief of chief of staff under two administrations. according to "the new york daily news," if the con virmz is confirmed by lawmakers, he'll be the first graduate of new york public schools to be the top officer. secretary of state geithner is also expected at the announcement. at the live desk, news4. >>> president obama still has cabinet holes to fill, as well. labor secretary hilda solis submitted her resignation yesterday. she says she decided not to return after talking with her family and close friends. president obama calls her a tireless champion for working families. >>> gun rights advocates will make their vases heard this morning in a -- voices heard this morning in a meeting with joe biden's gun-control task force. the nra, other gun-control groups, and sportsmen head to the white house today. walmart, the largest gun r
the white house announced that jack lew will be nominated as the next treasury secretary. the president will make the official announcement at 1:30 this afternoon in the east room of the white house. 57-year-old lew served as budget director and chief of chief of staff under two administrations. according to "the new york daily news," if the con virmz is confirmed by lawmakers, he'll be the first graduate of new york public schools to be the top officer. secretary of state geithner is...
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so who is jack lew and what would he do at the treasury department? that is next. >>> plus, the breaking news of aig's decision not to sue the government over its bailout. ali velshi has a lot to say. he's back and he's next. pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> things are looking up for the u.s. economy. let's hope our politicians don't bring it down. from the cnn money newsroom, in new york, i'm ali velshi. this is your money. walmart reverses itself on gun violence meeting. do you know who jack lew is? you will soon. more nightmares on the dreamliner. and america is on track to prosper if we just let it. but, first, that walmart story. the change of heart. vice president jo
so who is jack lew and what would he do at the treasury department? that is next. >>> plus, the breaking news of aig's decision not to sue the government over its bailout. ali velshi has a lot to say. he's back and he's next. pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how...
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Jan 8, 2013
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jack lew is the likely nominee. if he picks lew it could set the stage for another contentious confirmation battle. is there any other kind these days, mike emanuel? it seems like everybody that is being picked with the sepgs of senator kerry looks like a tough battle on capitol hill tell us a little bit more about this. >> reporter: good afternoon to you, as you look the at recent nominations these people are all obama people and jack lew has served this president as director of the office of management and budget and white house chief of staff. we are told it is all but a done deal for jack lew to replace timothy geithner as treasury secretary. lew has become a favorite of the president because he has sharp knowledge of the federal budget and his style is no drama. his confirmation would likely be taking place during some bruising budget fight and as congress considers increasing the nation's credit card the debt limit from the podium the white house press secretary has avoided getting ahead of mr. obama. >> i hav
jack lew is the likely nominee. if he picks lew it could set the stage for another contentious confirmation battle. is there any other kind these days, mike emanuel? it seems like everybody that is being picked with the sepgs of senator kerry looks like a tough battle on capitol hill tell us a little bit more about this. >> reporter: good afternoon to you, as you look the at recent nominations these people are all obama people and jack lew has served this president as director of the...
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president obama set to nominate jack lew for treasury secretary today, so is this signature coming to a dollar bill near you today? january 10th, 2013. >>> good morning, welcome to "today" on this thursday morning. i'm savannah guthrie. >> i'm in more matt this morning. this case is pretty serious. nine states, health officials reporting a real problem in massachusetts. >> that's right. at least 18 flu related deaths so far. 700 confirmed cases in boston alone. hospitals are overrun with people complaining with flu-like symptoms coast-to-coast. we'll get the latest in a report straight ahead. and carl, after confess iing to all of us, only matt received his flu shot. we're going to do something. we're going to get a flu shot. >> i'm already thinking which arm to roll up. >> roll up that sleeve. i wore short sleeves on purpose. >>> joe biden comes face to face with members of the nra today. at the white house with details. >>> surprising punishments of some distracted drivers involved in deadly crashes are now getting, why are some of these sentences just so light. >> savannah, as you
president obama set to nominate jack lew for treasury secretary today, so is this signature coming to a dollar bill near you today? january 10th, 2013. >>> good morning, welcome to "today" on this thursday morning. i'm savannah guthrie. >> i'm in more matt this morning. this case is pretty serious. nine states, health officials reporting a real problem in massachusetts. >> that's right. at least 18 flu related deaths so far. 700 confirmed cases in boston alone....
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hilda soleis announced she will be leaving, and jack lew will be nominated to replace tim geithner. >>> a developing story north of the border, residents in canada are pleading or outside help to rescue a group of whales trapped in sea ice. right now, the mammals are gathered around a single hole in the ice. the villagers are can go the canadian government to send an ice breaker quickly top a team from the canada fishery department is expected to arrive today. >>> now, for a look at the weather. it is kind of depressing, hopefully, they fare okay. dylan dreyer is here with the weather. >> thank you, good to be back. weatherwise, the east coast enjoying a really nice january thaw. in fact by the time we get to the weekend, temperatures wl be well above average perhaps as much as 20 degrees. right now, we're talking about a lot of rain and it's falling around louisiana especially. yesterday, we picked up two to three inches of rainfall across parts of eastern texas. now, that heavy rain is going to sit over louisiana, through arkansas and eventually push into kentucky and tennessee and
hilda soleis announced she will be leaving, and jack lew will be nominated to replace tim geithner. >>> a developing story north of the border, residents in canada are pleading or outside help to rescue a group of whales trapped in sea ice. right now, the mammals are gathered around a single hole in the ice. the villagers are can go the canadian government to send an ice breaker quickly top a team from the canada fishery department is expected to arrive today. >>> now, for a...
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Jan 11, 2013
01/13
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and jack lew, what an interesting signature this man has. if jack lew, president obama's nominee for treasury secretary gets the gig this scribble may be on all of your money. lew may have the most illegible signature of all time. look at it. it's nothing but a doodle. like nine loops in a row. >> that is something my 2-year-old would do. >> on treasury secretary. yesterday president obama assured the world that the american dollar is, in fact, safe. >> i had never noticed jack's signature. and when this was highlighted yesterday in the press, i considered rescinding my offer to appoint him. jack assures me that he is going to work to make at least one lett lett letter legible, should he be confirmed as secretary of treasury. >> this is what his signature would actually look like on the dollar bill. that's just awful. >> is it third grade when they focus on your handwriting skills and penmanship? maybe he can sit in on a class. >> the treasury secretary wants to audit your class. >>> nine minutes past the hour. yesterday we brought you the l
and jack lew, what an interesting signature this man has. if jack lew, president obama's nominee for treasury secretary gets the gig this scribble may be on all of your money. lew may have the most illegible signature of all time. look at it. it's nothing but a doodle. like nine loops in a row. >> that is something my 2-year-old would do. >> on treasury secretary. yesterday president obama assured the world that the american dollar is, in fact, safe. >> i had never noticed...
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jack lew is expected to be knock nated -- nominated by if end of the week. it'sreported that lew was tapped because of his knowledge of the federal budget and his no drama style but some republicans are expecting a bumpy conformation time. >> aig will not join a lawsuit against the federal government over the bail out that saved the company from bankruptcy. theboard was legally bound to consider become part of the suit and today decided not to. thecompany's former ceo filed the suit saying the conditions o' of the bail out were unfair. thegovernment sold its share in aig and made a profit. the dow gained 60 points and nasdaq gained 14. . >> the owners of the sf wiekly newspaper announced its sell to the san francisco guardian. in2008 the guardian filed a lawsuit against the weekly claiming they were trying to force them out of business. thelawsuit was settled for an undisclosed amount of money. >> want to know who may have given you the flu? facebook might be able to help. it has a new app called help i have the flu. it searches posts by your facebook friend
jack lew is expected to be knock nated -- nominated by if end of the week. it'sreported that lew was tapped because of his knowledge of the federal budget and his no drama style but some republicans are expecting a bumpy conformation time. >> aig will not join a lawsuit against the federal government over the bail out that saved the company from bankruptcy. theboard was legally bound to consider become part of the suit and today decided not to. thecompany's former ceo filed the suit...
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i think it is going to be jack lew for a variety of reasons. in this fiscal cliff debate, we saw jack on the sideline and not fighting with the senators. think he was saving him for this nomination process. i think it is going to be jack. >> good to see you both. thanks, guys. >>> today's twitter question is how much control should congress have over a president's cabinet pick? here's some of your tweets on that. "congress should have minimal control. the president and his selection committee are doing sufficient vetting to determine qualifications." "none. every president is entitled to the cabinet they want." "they should check with criminal history, relationships with foreign governments or interests. that's all." and "appointed cabinet not responsible to people. so some oversight of the appointment process by legislature seems important." thanks so much for your thoughtful replies, everyone. you can always tweet me any time @alexwitt. >>> in today's office politics, my conversation with nbc's al roker. in this segment, we talk about al's ne
i think it is going to be jack lew for a variety of reasons. in this fiscal cliff debate, we saw jack on the sideline and not fighting with the senators. think he was saving him for this nomination process. i think it is going to be jack. >> good to see you both. thanks, guys. >>> today's twitter question is how much control should congress have over a president's cabinet pick? here's some of your tweets on that. "congress should have minimal control. the president and his...
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first president obama is just nominated jacob jack lew to be the next treasury secretary. lew has been the chief of staff and described as a consummate washington insider. he has done two stints at the office of management and budget. an old cog eel of his told me yet experience makes him the perfect choice for the job right now. >> it is described as the central nervous system and everything of consequence goes through it. it coordinates the branch for the president like the chief operating officer role. in that, jack has been exposed to every type of policy and issue and regulation. it's a huge gambit of issues and terrain that he is an expert on the depth he can bring on a number of issues, especially economic policy. >> that makes lew more than qualified to negotiate the debt debates and republicans in congress. wall street doesn't like him so much. who cares what wall street thinks. to many that makes him more palatable. the president made the right choice with tim geitner because the world was teetering on financial collapse. he knew the ins and outs of wall street a
first president obama is just nominated jacob jack lew to be the next treasury secretary. lew has been the chief of staff and described as a consummate washington insider. he has done two stints at the office of management and budget. an old cog eel of his told me yet experience makes him the perfect choice for the job right now. >> it is described as the central nervous system and everything of consequence goes through it. it coordinates the branch for the president like the chief...
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today, he announces his in tent to nominate jack lew for treasury secretary to replace geithner. and secretary hilda solis is resigning, the first latino to run a major u.s. federal agency. >>> and trying to find out what caused a crowded high speed commuter ferry to crash into a dock wednesday in lower manhattan. about 70 people were injured in the accident. it recently got new engines and a new propulsion system but investigators don't know if an overhaul was a factor in the crash. >>> banning risky mortgages and restrict teaser rates that go upward and cap a percentage of a borrower's income that could go towards loan payments and will take effect next year. >>> oscar nominations, nominated for best picture, beasts of the southern wild. "silver linings playbook," "zero dark 30," "lincoln," "les miserables," "life of pi," "amour," "django unchained" and "argo." "lincoln" leading the pack with the most nominations with 12. the oscars will be awarded february 24th. >>> some incredible online video of the ultimate moonwalk. video of a man walking on a tightrope in front of the moo
today, he announces his in tent to nominate jack lew for treasury secretary to replace geithner. and secretary hilda solis is resigning, the first latino to run a major u.s. federal agency. >>> and trying to find out what caused a crowded high speed commuter ferry to crash into a dock wednesday in lower manhattan. about 70 people were injured in the accident. it recently got new engines and a new propulsion system but investigators don't know if an overhaul was a factor in the crash....
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jack lew as the next contrary sorry secretary. right now, lew is the president's chief of staff but he's been budget director and a veteran of the clinton administration. lew is also the fourth white man to be chosen to fill the president's second-term cabinet. and the white house is feeling the heat on this. l.a. times writes, the cabinet may not meet its own diversecy standards. "the national journal" why obama's white-guy problem seems worse than it is. and "washington post," obama needs some binders of women. and it didn't help when hilda solis announced her resignation yesterday. let me bring in political reporter for "the washington post" and staff writer sarah toeplitz. >> good morning. >> good morning. >> let me read to you part of ruth marcus' column. "not an outrage, but a shame. the face of power that president obama has chosen to present to the country and the world with his second term cabinet picks is striking. except for the african-american top of the pyramid for its retro look. white and male. it's "mad men" goes
jack lew as the next contrary sorry secretary. right now, lew is the president's chief of staff but he's been budget director and a veteran of the clinton administration. lew is also the fourth white man to be chosen to fill the president's second-term cabinet. and the white house is feeling the heat on this. l.a. times writes, the cabinet may not meet its own diversecy standards. "the national journal" why obama's white-guy problem seems worse than it is. and "washington...
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. >> there is jack lew signature. we could have a pretty ugly signature on our dollar bill. >> is it even a signature or did he start drawing charlie brown and give up after the hair? good grief! and it got no better when lew explained his fiscal policy quote i describe budget tapestry when it's hope dream of a nation. >> bret: thanks for inviting us into your home tonight. that is it for "special report," fair, balanced and unafraid. charles, i had more time. >> shepard: this is the fox report. tonight, the feds say the deadly flu epidemic -- outbreak is now an epidemic. widespread in all but three states and killing children. but there may be some good news. and it's supposed to be among the most advanced passenger jets in all the world. but for the dream liner, it's really more nightmare. they have had electrical problems, a cracked windshield, even a fire. >> every new commercial airplane has issues in the inner service. >> shepard: now the feds are investigating. still, the dozens of dream liners already in servi
. >> there is jack lew signature. we could have a pretty ugly signature on our dollar bill. >> is it even a signature or did he start drawing charlie brown and give up after the hair? good grief! and it got no better when lew explained his fiscal policy quote i describe budget tapestry when it's hope dream of a nation. >> bret: thanks for inviting us into your home tonight. that is it for "special report," fair, balanced and unafraid. charles, i had more time....